THE IMPACT OF FRAUDULENT PRACTICE ON THE NIGERIAN BANKING SYSTEM

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Date
1998-10
Authors
ADAMU, HAMISU
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Abstract
Fraud is generally defined as a criminal deception deliberately practiced to gain unlawful or unfair advantage to the detriment of others. Thus, Bank fraud refers to criminal deception, the use of false representations to gain unjust financial advantage. This event usually leaves a client in the image of the bank and the staff on one hand and sorrow to the affected account holder on the hand The tension that is brought to bear on the staffers of the is best imagined than exposed. Fraud and forgeries is on the increase in the banks in Nigeria. Any alteration of a written document made with intent to defraud is deemed to be forgery. The growing incidence of frauds and forgeries in the banking industry should be of intense concern not only because this unhealthy development undermines the safety, soundness and stability of the industry, but also that it can and does precipitate bank failures and also erode public confidence in banks, especially in a developing banking environment. In order to restore confidence in the banking system, it should be noted that recruitment of honest and dedicated staff should be of paramount importance to the industry and should not be compromised. The personnel should be of proven integrity and have capabilities commensurate with their responsibilities. The role of training and retraining need not be overemphasized. Curiously, the growing awareness of these consequences appears to have been matched within statement. The study is divided into five chapters. The first chapter is the introductory followed by chapter two which is the review of related literature. Chapter three contain the methodology that was used. Chapter four has the data presentation and analysis and chapter five gives the summary, conclusion and recommendations.
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BEING A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL, AHMADU BELLO UNIVERSITY,ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER IN BUSINESS ADMINISTRATION (MBA) DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY, ZARIA
Keywords
FRAUDULENT,, PRACTICE,, NIGERIAN BANKING SYSTEM
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